Hungary continues to strengthen its position in the pharmaceutical industry as Singapore-based Hongene Biotech has announced the establishment of its first European manufacturing facility in Gödöllő, just east of Budapest. The nearly EUR 94 million greenfield investment will create 150 new jobs and contribute significantly to Hungary’s export performance, according to the Hungarian Investment Promotion […]
In March 2025, the average number of employed persons aged 15–74 was 4,701,000 in Hungary. The number of unemployed persons was 211,000 and the unemployment rate 4.3%, the Central Statistical Office (KSH) reports. In the period January–March 2025, the average number of employed persons aged 15–74 was 4,692,000. The number of employed persons was 2,493,000 […]
Appeninn Plc., which is a major player in the Hungarian real estate market, and also present in the Polish real estate market since 2023, has revealed its short-term sustainability strategy as well as sustainability vision for the next 10-15 years on the website of the Budapest Stock Exchange. According to the report, it is essential […]
Budapest-based pharmaceutical company Gedeon Richter Plc. has received positive opinion from CHMP for marketing authorization for Junod and Yaxwer, its biosimilar denosumab products for bone disease and osteoporosis. Budapest-based pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it received a positive opinion from the Committee for Medicinal […]
Masterplast Plc. has stabilized its financial management in the 2024 financial year, primarily by reorganizing its operational processes, increasing production efficiency and making redundancies, the company’s CEO Tibor Dávid announced at the group's investor briefing on Thursday. Speaking at the event, held at the group's headquarters in Sárszentmihály, southwest of Budapest, the CEO said the […]
PannErgy Plc. will not pay a dividend this year, and the profit for 2024 will be transferred to the profit reserve, according to a resolution published on the website of the Budapest Stock Exchange (BSE) on Friday. The general meeting approved the 2024 parent company income statement with a profit after tax of HUF 148 […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
According to preliminary data, 5,885 children were born and 11,198 people died in March 2025, the Central Statistical Office (KSH) reports). The number of births lessened by 8.9%, that of marriages by 2.0%, while that of deaths increased by 4.9% compared to the same month of the previous year. In March 2025:A total of 5,885 […]
Job seekers in Hungary are showing increased interest in new opportunities even as employers remain cautious with their hiring plans, according to the latest quarterly report from Profession.hu, the country's leading job portal. While job advertisements decreased by 1% in the first quarter of 2025 compared to the same period last year, applications jumped by […]
MBH Bank held its Annual General Meeting, at which shareholders approved the individual and consolidated financial statements of the bank prepared in accordance with International Financial Reporting Standards, as applicable for 2024 and voted on the other items on the agenda, the bank has announced. The report says the company's year 2024 was in line […]
The National Bank of Hungary (MNB) said in a report published on Thursday that the commercial real estate market may be on the verge of recovery, having moved from a multi-year low in both domestic and regional data last year. Speaking at a press conference in Budapest on the state of the commercial real estate […]
Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
The Hungarian air navigation service provider, HungaroControl Plc., reported on Thursday that traffic in Hungary's airspace increased significantly over the Easter period compared to the same period last year, the service provider told MTI. The Easter long weekend is a special period in air traffic, when the traffic in Hungarian airspace usually exceeds the average […]
Robert Palladino, the Chargé d'Affaires of the United States Embassy in the Hungarian capital, paid an introductory visit to the City Hall, Budapest Mayor Gergely Karácsony said on his Facebook page on Wednesday. MTI quotes the mayor’s notes that he had a substantive and good-humored conversation with the diplomat. During the meeting, the deepening of […]
The logistics center of Ghibli Ltd. was inaugurated on Wednesday in the southern industrial zone of Debrecen, E Hungary. Together with this new 22,000-square-meter hall, the company has more than 120,000 square meters of warehouse capacity at seven locations in the country, the company's managing director, Zoltán Szabó, said at the inauguration. He added that […]
